Pilot Innovation and Technology Accelerator Scheme (PITAS)

Objective:To attract more professional start-up service providers with proven track records in and beyond Hong Kong to set up accelerator bases in Hong Kong and, through their business networks and experience, support the development and needs of start-ups in a more comprehensive and targeted manner.

Funding Details:

Key Features

• Maximum funding amount: Each applicant will only be allocated funding for one project. The total amount of approved funding is up to $30 million.
• Matching basis: The Government will provide up to a ceiling subsidy on a one‑to‑two matching basis between the Government and the applicant.
• Funding scope: Covers necessary expenditure for establishing and operating I&T accelerators.
• Project duration: A maximum of three years.

Eligibility:
Applicants must meet the following requirements:

• enterprises that are incorporated in Hong Kong under the Companies Ordinance (Cap. 622) or the predecessor Ordinance as defined in Cap. 622 (i.e. predecessor Companies Ordinance (Cap. 32));
• the enterprises, their founders, or their organisations have at least five years of experience in supporting the development of technology start-ups in or beyond Hong Kong, such as providing acceleration services to such start-ups;
• must set up their physical operational bases in Hong Kong, and commence operation and provide acceleration services not later than 12 months from the date of application submission1; and
• the operational bases in Hong Kong must employ at least three full-time staff members to implement the PITAS, and provide value-added services, such as venue and facilities, R&D support, mentorship, domain expert consultation and business networking, etc., to start-ups.

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